Ensuring direct-to-consumer (D2C) platforms do not stray into advice has become an "obsession" that is ultimately stunting innovation, a report has concluded.
Most providers expect a surge in the number of D2C propositions coming to market over the next ten years, according to a white paper by financial services consultants Altus entitled: ‘Bringing in the harvest: the future of D2C platforms'. However, it noted many are reportedly holding back over a "continued obsession" with the definition of advice when designing propositions. Providers eyeing the D2C market have previously voiced their concerns over straying into advice territory. The regulator is currently conducting a thematic review into the non-advised space, which the industry ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
